ESM approved the allocation of Greece of the credit in billion euros

© AP Photo / Petros Giannakouris,the stock exchange in Athens, Greece. Archival photoESM approved the allocation of Greece of the credit in billion euros© AP Photo / Petros Giannakouris,

The European stability mechanism (ESN) approved the transfer to Greece of a loan of 1 billion euros from the programme of external financial assistance, said in a statement.

«The Board of Directors of the ESM today allowed to unlock 1 billion euros for Greece,» — said in a release.

It is part of the approved in late March tranche of the country, which is not transferred to the execution by Greece of certain conditions and the positive evaluation of this process by the representatives of the creditors.

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